Stig Östlund

måndag, december 19, 2011

Asia Stocks Lower Amid News of Kim Jong Il Death


SHANGHAI (AP) — Asian stocks sank Monday as the death of North Korea's absolute ruler, Kim Jong Il, added to the uncertainties dogging financial markets.
South Korea's Kospi index dived 4.1 percent but later recouped some losses to trade 3.4 percent lower at 1,777.64 by early afternoon. The Korean won fell 1.6 percent against the U.S. dollar, a traditional haven in times of uncertainty. The Japanese yen and euro also weakened against the dollar.
Japan's Nikkei 225 index was down 1.1 percent at 8,308.42, Hong Kong's Hang Seng slid 2.2 percent to 17,890.13 and the Shanghai Composite Index fell 1.6 percent to 2,188.39

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